In the News

Elon Musk Smoking a Blunt is a Modern-Day Weed Rorschach Test

David Ehrlich, co-founder and Chief Operating Officer of Zodaka, a payment system for high-risk merchants, is a personal believer in Musk’s extreme ambition…

The Perilous Practice of Banking on Pot

Cannabis in America is still federally illegal, even in states with legal medical marijuana programs. Therefore, state-legal medical marijuana transactions are mostly conducted with cash.This cash is not allowed to be deposited…

Jordan Friedman, CEO of Zodaka: Why Cannabis Businesses Should Choose Zodaka as their Payment Gateway

For too long these industries have had to deal with ridiculous workarounds to operate like any normal business would…

What If Visa Says You’re Illegal?: Zodaka Offers Payment System for Cannabis Business

Last year, American online retail sales totaled some $445 billion. With each transaction, both customers and retailers trust that third parties will process payments quickly and accurately…

Which Way Will Supreme Court Nominee Brett Kavanaugh Rule On Marijuana?

The nominee has never ruled over cannabis matters. With the nomination of Brett Kavanaugh for the Supreme Court, Americans are rife with speculation on how he feels about cannabis. Kavanaugh has never ruled directly on cannabis…

Is This the Solution to the Marijuana Banking Problem?

There are many aspects of the marijuana banking problem that are a long way from being solved. One of the biggest problems is payment processing – getting money from consumers’ hands to marijuana businesses’ bank accounts…

A startup challenges the high-risk status of legal pot sales

Seeing an opportunity to address the multi-billion dollar cannabis industry’s needs for payments processings, Zodaka is launching with a system that focuses more on price than process...

Luxury Cannabis Products Are the Industry of the Future

Not everyone involved with the $10 billion legal cannabis market in North America has to grow the plant to make money. There are hundreds of companies making money without growing…

Effects of the Black Market on the Legal Cannabis Industry

Legalization was supposed to end cannabis-related organized crime. However, despite recreational and medical legalization spreading like wild fire across North America and Europe, the black market…

Understanding Payment Processing in the Cannabis Industry

Because the cannabis industry in the United States is still technically illegal on the federal level, many banks are hesitant to accept or handle the money that is involved in this “high-risk” trade...